Orezone Gold (CVE:ORE) PT Lowered to C$1.40 at TD Securities

Orezone Gold (CVE:ORE) had its target price lowered by TD Securities from C$1.65 to C$1.40 in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on ORE. Pi Financial reduced their target price on Orezone Gold from C$2.45 to C$2.25 and set a buy rating on the stock in a research note on Thursday, October 26th. Raymond James reduced their price objective on Orezone Gold from C$2.00 to C$1.75 and set an outperform rating on the stock in a research report on Friday, October 13th. Finally, CIBC decreased their price objective on Orezone Gold from C$2.15 to C$2.00 and set an outperform rating on the stock in a research note on Friday, October 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of C$2.13.

Orezone Gold Price Performance

Shares of CVE ORE opened at C$1.25 on Wednesday. The firm’s 50-day moving average is C$1.25 and its two-hundred day moving average is C$1.25. The company has a market capitalization of C$404.42 million and a PE ratio of -14.88. Orezone Gold has a 12-month low of C$0.87 and a 12-month high of C$1.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30.

About Orezone Gold

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.